Nonprofit · EIN 46-4209684
GIFT OF THE HEART
Tax-exempt · OCALA, FL 34471
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $121,000 | $115,000 | $6,000 | $20,315 | $0 | $20,315 |
| December 31, 2023 | 990-PF | $66,500 | $65,425 | $1,075 | $14,315 | $0 | $14,315 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $121,000
Expenses
- Grants and similar amounts paid
- $0
- Disbursements for charitable purposes
- $114,000
Balance sheet and other
- Total assets, start of year
- $14,315
- Total assets, end of year
- $20,315
- Total liabilities, end of year
- $0
- Net assets, end of year
- $20,315
- Fair market value of assets
- $20,315
- Qualifying distributions
- $114,000
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEE MADSEN 2123 NE 7TH STREET, OCALA, FL 34470 | PRESIDENT | 0.1 | $0 |
| PATRICIA SCHENKER 8736 NW 136TH AVE RD, OCALA, FL 34482 | VICE PRESIDE | 0.1 | $0 |
| HEATHER DRAKE 3145 NW 60TH STREET, OCALA, FL 34475 | SECRETARY | 0.25 | $0 |
| DAVID COOPER 4420 E FT KING ST, OCALA, FL 34470 | TREASURER | 0.1 | $0 |
| DAVID ALVEREZ 4424 SE 11TH PLACE, OCALA, FL 34471 | MANAGER | 0.1 | $0 |
| BJ WALTER 1323 SE 49TH AVENUE, OCALA, FL 34471 | MANAGER | 0.1 | $0 |
| JOYCE K URBAN 1130 SE 18TH PLACE, OCALA, FL 34471 | ADVISOR | 20 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEE MADSEN 2123 NE 7TH STREET, OCALA, FL 34470 | PRESIDENT | 0.1 | $0 |
| PATRICIA SCHENKER 8736 NW 136TH AVE RD, OCALA, FL 34482 | VICE PRESIDE | 0.1 | $0 |
| HEATHER DRAKE 3145 NW 60TH STREET, OCALA, FL 34475 | SECRETARY | 0.25 | $0 |
| DAVID COOPER 4420 E FT KING ST, OCALA, FL 34470 | TREASURER | 0.2 | $0 |
| DAVID ALVEREZ 4424 SE 11TH PLACE, OCALA, FL 34471 | MANAGER | 0.1 | $0 |
| BJ WALTER 1323 SE 49TH AVENUE, OCALA, FL 34471 | MANAGER | 0.1 | $0 |
| JOYCE K URBAN 1130 SE 18TH PLACE, OCALA, FL 34471 | ADVISOR | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 1130 SE 18TH PL, OCALA, FL 34471-5422
- Mailing address (990-N for 2019)
- 1130 SE 18th Place, Ocala FL 34470
- Principal officer (990-N for 2019)
- Lee Madsen, 2123 NE 7th St, Ocala FL 34470
- Signed the 990-PF
- JOYCE K URBAN, ADVISOR
- Phone
- (352) 216-1816
- Return prepared by
- COLLIER JERNIGAN EASTMAN & ZUBLICK PA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 46-4209684
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Mental health and crisis intervention (F19)
- Assets (IRS master file)
- $20,315
- Income (IRS master file)
- $121,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $121,000 | $115,000 | $20,315 | XML |
| 990-PF | December 2023 | $66,500 | $65,425 | $14,315 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Lee Madsen | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-4209684).
Questions about GIFT OF THE HEART
- What is the EIN of GIFT OF THE HEART?
- The employer identification number (EIN) of GIFT OF THE HEART is 46-4209684.
- Is GIFT OF THE HEART tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to GIFT OF THE HEART tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GIFT OF THE HEART file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GIFT OF THE HEART due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GIFT OF THE HEART last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who is the principal officer of GIFT OF THE HEART?
- The 990-N for 2019 names Lee Madsen.
- Who are the officers and directors of GIFT OF THE HEART?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does GIFT OF THE HEART have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $121,000, expenses of $115,000 and total assets of $20,315 at year end.
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All nonprofits in OCALA · Florida · Mental health and crisis intervention